CBI to probe Rs 470 crore Lalit Modi case

However, so far the CBI has not collected the records from the TN CBCID, which has been investigating the case from April last year, after the case was transferred from the Chennai CCB to it. 

The case was registered in the Chennai CCB based on complaint by N Srinivasan, then BCCI secretary, against Lalit Modi, now residing in the UK. 

After the furore it created when the scandal broke out, the cheating case against ousted IPL czar Lalit Modi was sent to the backburner in the last eight years, even as the case moved from Tamil Nadu police to their Mumbai counterparts following allegations that the police here were slugging in filing the chargesheet. 

However, Mumbai police had refused to take up the case. When former BCCI chief Srinivasan lodged the complaint in October 2010, the then police commissioner had said some of records given by BCCI are very complicated. “These are big players, some agencies involved are in foreign countries. The case is a big challenge to us,” the city police was quoted as saying then. 

The Chennai police had registered the case on October 13, 2010 for alleged misappropriation of funds to the tune of Rs 470 crore under various heads including media rights and free commercial rights by Lalit Modi. Modi and six others were charged under different sections of IPC including criminal conspiracy, criminal breach of trust, cheating and falsification of accounts.